Home > Chemicals & Materials > Polymers > Industrial Polymers > Polyurea Market

Polyurea Market Size

Report ID: GMI163
Published Date: Jul 2020
Report Format: PDF

Download Free Sample

Polyurea Market Size

Polyurea market size exceeded over USD 1 Billion, in 2019 and is estimated to grow at over 6% CAGR between 2020 and 2026. Stringent government regulations aimed at reducing the emission of volatile compounds in construction industry are motivating end-users to procure polyurea linings, which in turn estimated to boost the growth of global market.

Polyurea products are used as sealants, coats and lining solutions in order to ensure high thermal stability, pigment combability, fast curing time, and high-water insensitivity. This product finds such common applications in transportation, building construction, and other industrial domains.

To get key market trends

Download Free Sample

This product is widely procured by end-users as they are eco-friendly and complaint with the norms stipulated by authorities monitoring the environmental effects of Volatile Organic Compounds (VOCs). For instance, the European Union Ecolabelling Board (EUEB) identifies and lists the hazardous classifications and characteristics of preparations, compounds and substances that cannot be used by automotive and construction end-users as stipulated by the Ecolabel Regulation.

Rising urbanization has led to an increased application scope in the transportation and construction industries. The polyurea solutions are often used in construction and automotive industries to repair tunnels and bridges, construct highways and roads, and as vehicle coatings. The rapidly increasing infrastructural spending and emphasis on improvement of public transport, construction of subways, and urbanization are facilitating favourable conditions for the polyurea market growth.

Polyurea Market Report Attributes
Report Attribute	Details
Base Year:	2019
Polyurea Market Size in 2019:	1.31 Billion (USD)
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	6.1%
2026 Value Projection:	1.98 Billion (USD)
Historical Data for:	2015 to 2019
No. of Pages:	200
Tables, Charts & Figures:	232
Segments covered:	Raw material, Product, Application, Region
Growth Drivers:	North America: Booming Construction industry should accelerate regional market growth Europe: Rising regional manufacturing sector should promote market growth Asia Pacific: Supportive government initiatives for transportation related infrastructure developments should propel regional product demand
Pitfalls & Challenges:	Expensive as compared to other alternative coatings

Learn more about the key segments shaping this market

Download Free Sample

The coronavirus pandemic has led to an imposition on travel ban and shutdown of manufacturing units, offices & marketplaces by governments all over the world, which have led to value chain disruptions throughout the globe. This has adversely affected raw materials supply for producing polyurea. This pandemic has led to global lockdown of constructions, manufacturing plants and transportation which may decrease polyurea utilization.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Polyurea Market is forecast to exhibit a CAGR of 6% through 2020

Polyurea Market recorded a valuation of USD 1 Billion in 2020

The product will gain prominence in Europe, driven by the increasing concerns regarding environmental protection in manufacturing and construction sectors. Europe market may hit USD 500 million by 2026.

Aromatic polyurea industry may cross USD 1 billion by 2026, since the product is majorly adopted in paints and coatings sector and is also insensitive to moisture and relatively fast curing.

Industrial application may gain precedence and hit USD 600 million by 2026, owing to the fact that polyurea solutions mainly find deployment in end-uses such as industrial bridging and safety-pool coating.

The fact that this product is eco-friendly and adheres to the norms enforced by authorities governing VOC effects on environment, makes it suitable for numerous applications, leading to hefty demand.

The pandemic has led to governments imposing travel bans and production shutdowns, resulting in value chain disruptions worldwide, affecting raw material supply, and adversely impacting polyurea demand.